Karnataka Bank appoints Sekhar Rao as ED

A press statement said Rao has 29-plus years of overall work experience across sectors such as banking, information technology, payment and settlement products, business management, strategy and operations

from The HinduBusinessLine - Money & Banking https://ift.tt/1Ee49B3

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MFIs to play leading role in India's economic growth: Study

According to PwC, the global market size of the MFI industry is expected to grow by USD122.46 billion from 2021 to 2026 at a compound annual growth rate of 11.61 per cent. Moreover, global development agencies and several governments have made concerted efforts to alleviate poverty through micro-credits, it said.

from Banking/Finance-Industry-Economic Times https://ift.tt/wD1obAx

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Padho Pardesh scheme discontinued by MoMA

Banks’ notified by IBA about discontinuation of the scheme of interest subsidy on education loans for overseas studies for students belonging to minority communities

from The HinduBusinessLine - Money & Banking https://ift.tt/aQUVI5n

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Indian Bank expands digital offerings under 'Project WAVE' initiative

The bank in a statement said it has partnered with auto-major Maruti Suzuki India Ltd to provide digital auto financing lead generation to customers.

from Banking/Finance-Industry-Economic Times https://ift.tt/oWX54zs

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Kamdhenu ropes in EY to finalise equity partner for ₹200 cr infusion in paints business

Funds would be used to scale up the paints business to a ₹1,000 cr segment, a 300% jump from the existing ₹250 cr

from The HinduBusinessLine - Money & Banking https://ift.tt/2jw1H6O

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